GeoWealth Management LLC Lowers Stake in Canadian National Railway (NYSE:CNI)

GeoWealth Management LLC reduced its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 71.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,610 shares of the transportation company's stock after selling 3,987 shares during the quarter. GeoWealth Management LLC's holdings in Canadian National Railway were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in shares of Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after buying an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at about $436,000. Threadgill Financial LLC raised its holdings in Canadian National Railway by 75.9% in the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after acquiring an additional 9,701 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Canadian National Railway by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock worth $167,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Down 0.5 %

Shares of NYSE CNI traded down $0.51 during midday trading on Friday, reaching $97.12. 731,144 shares of the stock were exchanged, compared to its average volume of 1,277,195. The stock has a 50 day moving average price of $98.54 and a 200-day moving average price of $103.74. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $61.04 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is currently 47.66%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Susquehanna dropped their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.